Labor, Lovestone, and the CIA  

AMERICAN LABOR AND UNITED STATES FOREIGN POLICY, by Ronald Radosh. New York: Random House. 463 pp. $10.00. RELUCTANTLY, one must deal harshly with this book. I say reluctantly because the topic —union involvement in overseas affairs— is an important one. …





The Poverty of Aging  

Americans are proud of the fact that the nation is becoming young. Nearly half the population is now under 25 years of age and about a third under 15. While this may mean crowded colleges or teen-age unemployment, the problems …





Skeletons In The Affluent Closet  

THE OTHER AMERICA, by Michael Harrington. Macmillan, 1962. 191 pages. WEALTH AND POWER IN AMERICA, by Gabriel Kolko. Frederick A. Praeger, 1962. 178 pages. Those who have been preoccupied by the marvels of American affluence often forget that beneath it …



Courage And Economics In Washington  

When FDR came to Washington in 1933 he was accompanied by dashing young economists and social scientists ready to remake the government, if not the world. Many were fresh from Columbia University, and quite unlike the Harvard—MIT contingent that now …



Pointing Toward “Utopia”  

BEYOND THE WELFARE STATE, by Gunnar Myrdal. Yale University Press: 1960. One of the more curious things about the teaching of economics these days is the sharp and often vitriolic attack on planning. All too often the idea that careful …





Socialism Without Marx  

One of the more ironic incidents in the history of economic thought was the development of a theory of socialism utilizing the very ideas employed to attack Marx. Dismayed by the sharply critical turn he had given to classicism, economists …



Marxian Economics Revisited  

The contempt frequently expressed by many economists toward Karl Marx first began to dissolve when the growth of monopoly and the possibility of such disturbing phenomena as unemployment became genuine realities. More and more, social scientists came to agree that …



Current Trends In U.S. Economy  

The interesting thing about this recession is that signs of it were visible as far back as two years ago. One indication of economic malaise was an enormous credit expansion accompanied, curiously enough, by a slowing down in the rate …



The State of American Economy  

I Described by Eisenhower economists as a sideways movement, the downward turn in 1954 was overcome in a relatively quick reaction. Late in the year the major indices began to move up again and by July 1955 it was evident …